Pro Farmer's Daily Advice Monitor

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  • Sept. 26: No changes. 
  • Sept. 23: No changes. 
  • Sept. 22: No changes. 
  • Sept. 21: No changes. 
  • Sept. 20: No changes. 

 

*Note: Check below daily to see if we recommend catch-up sales for individual markets.

Corn

 

Cash-only marketers

2022 crop: 50% sold for harvest delivery 

2023 crop: 0% sold

Hedgers — cash sales

2022 crop: 50% sold for harvest delivery  

2023 crop: 0% sold

Hedgers — futures/options

No positions

Wait on an extended rally to advance 2022-crop sales.  

 

Soybeans

 

Cash-only marketers

2022 crop: 60% sold for harvest delivery

2023 crop: 0% sold

Hedgers — cash sales

2022 crop: 60% sold for harvest delivery 

2023 crop: 0% sold

Hedgers — futures/options

No positions

Get current with advised sales.

 

Wheat

 

Cash-only marketers

2022 crop: 85% forward sold 

2023-crop: 30% forward sold for harvest delivery next year

Hedgers — cash sales

2022 crop: 85% forward sold 

2023-crop: 30% forward sold for harvest delivery next year 

Hedgers — futures/options

15% hedge in Dec. SRW futures at $7.83. 

Get current with advised hedges. Wait to advance cash sales. 

 

Cotton

 

Cash-only marketers

2022 crop: 70% forward sold for harvest delivery 

2023 crop: No sales advised

Hedgers — cash sales

2022 crop: 70% forward sold for harvest delivery

2023 crop: No sales advised 

Hedgers — futures/options

30% 2022-crop hedge in December futures at 99.58 cents. 

Get current with advised sales and hedges.  

Livestock

Cattle

 
3rd qtr. 2022 0%

4th qtr. 2022

0%

1st qtr. 2023

0%

2nd qtr. 2023

0%

Continue to carry risk in the cash market. Be prepared to hedge an extended rally in December live cattle. 

 

Hogs

 
3rd qtr. 2022 0%

4th qtr. 2022

0% 

1st qtr. 2023

0%

2nd qtr. 2023

0%

Traders are overly pessimistic toward fall- and winter-month contracts. Hedging at steep discounts to the cash market is not advised. 

 

Feed

 

Corn

 

3rd qtr. 2022 0%

4th qtr. 2022

0%

1st qtr. 2023

0%

2nd qtr. 2023

0%

You are hand-to-mouth on all corn-for-feed needs. current prices are attractive but wait on signs the downside is exhausted before extending coverage. 

 

Meal

 

3rd qtr. 2022 0%

4th qtr. 2022

0%

1st qtr. 2023

0%

2nd qtr. 2023

0%

You are hand-to-mouth on soybean meal needs. Be prepared to extend coverage on an extended pullback. 

 

 

 

Latest News

Extended decline in corn, bean CCI ratings continues

CCI ratings have dropped 11 consecutive weeks for corn and eight straight for soybeans.

After the Bell | September 26, 2022

Corn futures drop near four-week low, soybeans near three-week low as surging dollar, recession worries pressure commodities.

Corn, soybean export inspections sluggish

Weekly grain inspected for export through Sept. 22, proved dismal as corn and soybean inspections were reported below expectations, while wheat inspections were notably lower for the week but within the expected range.

Monday Morning Wake Up Call | September 26, 2022

Grain and soy futures traded lower overnight on global economic concerns although soybeans recovered slightly on the open. Cattle futures are mildly higher with lean hogs under pressure to start the week.

Ahead of the Open | September 26, 2022

Soybean futures drop to two-week lows, corn and wheat also lower on intensifying recession worries.

OECD Issues Bleak Warning About Global Economy | British Pound Takes a Pounding ALL

House Ag panel Republicans want some answers on alleged Biden/USDA overreach using executive actions